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Accountancy > Accounting for Not-for-Profit Organisations

Accounting for Not-for-Profit Organisations

Not-for-profit organizations do not have a profit motive. So the accounting for such firms will vary from normal organizations. Here the final statements will not include a P&L Account but a Receipts and Payments Account. There are also some special transactions regarding subscriptions, donations etc. Let us learn more about Accounting for Not-for-Profit Organisations.

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